BTEKS

Batiste Technical Services LLC
www.bteks.com
batiste.f@bteks.com

910-353-5931

BTEKS Services:

Database Admin Support:

Oracle,
MySql,
MS Sql Server,
Sybase,
Sql Server

Website Design Support:

Static & Dynamic
Website Design

Software Support:

Software Technical Support
Software Development Support
Software Technical Writing
Software Formal Instructor Svc

Military Aviation Support

Military Aviation
Technical Support
Military Aviation
Maintenance Management
AMEGS
M-SHARP
READINESS

Logistics Support
                          
Email: batiste.f@bteks.com


BTEKS PRODUCTS

BB&N Cosmetology
Directory
910-353-5931
batiste.f@bteks.com

www.bbandn.com
BARBER SHOPS,
BEAUTY SALONS,
NAIL SALONS

Free Business Listings,
Free Professional Listings,
&
Free Cosmetology
Student Listings
5,000 Plus businesses currently listed

Additional Services
BB&N Cosmetology
Directory

Display Your Info with:

Full Website
for Businesses,
Mini Website for Pros,
&
A Web Page for Employees & Students

www.bbandn.com

FEATURED SERVICES

ON-LINE CALENDAR & RESERVATION
REQUEST SYSTEM


Email notification
& confirmation
Color Coded
Calendar Display

Test Now

 

Preet Bharara, the U.S. Attorney for the Southern District of New York, who filed new charges Friday in the ongoing probe of insider trading.
By Chris Isidore @CNNMoney February 17, 2012: 3:17 PM ET

SEC charges tech analyst with insider trading

NEW YORK (CNNMoney) -- Technology analyst John Kinnucan was arrested Friday on allegations of trading on information about many of the nation's leading tech companies, resulting in illicit gains of nearly $110 million.

Kinnucan faces both criminal and civil charges. He was arrested at his Oregon home and is awaiting transfer to New York, according to the U.S. Attorney's office for the Southern District of New York, which is conducting an ongoing probe into insider trading. The Southern District includes the nation's major stock exchanges and is taking the lead on insider trading probes nationwide.

In January, seven hedge fund managers and investment professionals were indicted in New York, charged with sharing insider information when making trades. Last year, Raj Rajaratnam, founder of the Galleon Group hedge fund, was found guilty and sentenced to 11 years in prison and fined a record $92.8 million. The SEC alleges the Galleon case resulted in $91 million in illicit gains, less than in Kinnucan's case.

The Securities and Exchange Commission alleges that Kinnucan befriended and rewarded insiders at various technology companies, including Apple (AAPL, Fortune 500), Dell (DELL, Fortune 500), Fairchild Semiconductor (FCS), Marvell Technology (MRVL), and Western Digital (WDC, Fortune 500), in order to gain information, which the SEC claims he then sold to clients, primarily portfolio managers and analysts at prominent hedge funds and investment advisers.

"The information he obtained and passed along to clients was not the result of research. It was inside information Kinnucan bought from company insiders," said Janice Fedarcyk, FBI assistant director-in-charge. "That kind of information beats research every time. The only problem is it isn't legal."

In late 2010, Kinnucan took the unusual step of announcing on TV and in an e-mail to clients that he had been contacted by FBI agents, whom he mocked as "fresh-faced eager beavers."

He said he was approached at the end of October 2010 and asked to wear a wire in an insider-trading investigation targeting certain hedge funds. He shut down his Portland, Ore.-based firm, Broadband Research Corp., soon after that disclosure. Kinnucan and members of his former firm could not be reached for comment Friday.

The U.S. Attorney's office and the SEC would not comment on Kinnucan's actions in 2010. To top of page

First Published: February 17, 2012: 2:59 PM ET

 

Send Comments: BATISTE.F@BTEKS.COM
Your comments will be added to the article that you write about, so include the article title

Send Comments ASKFMB OPINION

Today is

Expert Research Experience My Ass

 

Finally, We are getting an idea of how wall street works.... information is bought, sold and traded, for favors and privileges. 

What is supposed to be a history of expert analysis and expert prognostication, with reference to investment analysis, turn out to be bribes for information, inside trading, favors and backdoor deals.

What we are discovering is, there is a actual investigative team focusing on wall street, and yet, this is the beginning.  Decades of neglect and out of control conflicts of interest, on wall street, is finally being reigned in by a real administration that seems to understand law, and are willing to enforce it.

Suffice it to say, the signs of wrong doing has been going on for years, with impunity, arrogance, and leaving no signs of attempting to cover-up obvious acts of illegal interactions.

Technology analyst John Innocent is on the slab, a really big fish who profited up to $110 Million Dollars, based on information ascertained illegally, will have a hard road to travel, and trust you me, there are a lot of people real nervous right now.

Many Years ago, I figured out the Hedge Fund system, and concluded that it was a fixed system, and there were huge possibilities of possible fraud and inside trading, but for me, it was the inability to validate the actual transactions, associated with the amount of money that were gained and shared across the total number of investors. 

For me, my question was, who is validating the actual trade, and the dissemination of the profits,,, definitely not me, who was in charge of understanding how thousands of 401k members were receiving the correct percentage of profits acquired by a day of investing a pot of 5 billion dollars, that netted a 2 point profit, at the end of the day?

If there isn't a validation system that can explain every dime at the end of each days trading, then, I'm out.  I could not find a person that was able to explain it to me,,, and what really convinced me, I was informed that I could only by and sell with my 401k money, on Hedge Funds!!!!!!  OH Hell NO

Today is another good day for all citizens, and for those who don't understand the significance of this arrest, suffice it to say, "It's equivalent to MJ being caught gambling on the games he played". 

I love reading these types of news.

 

In My Opinion

ASK FMB
2/17/2012

Send Comments: BATISTE.F@BTEKS.COM
Your comments will be added to the article that you write about, so include the article title